Enerpac Tool Group (NYSE:EPAC) Announces Earnings Results

Enerpac Tool Group (NYSE:EPAC) released its earnings results on Monday. The company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39, Zacks reports. Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%.

Enerpac Tool Group Stock Up 3.0 %

EPAC stock traded up $1.28 during mid-day trading on Monday, hitting $43.53. The stock had a trading volume of 528,168 shares, compared to its average volume of 312,143. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 26.54 and a beta of 1.18. The company has a current ratio of 2.92, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47. Enerpac Tool Group has a 1-year low of $34.47 and a 1-year high of $51.91. The company has a fifty day moving average of $44.71 and a 200 day moving average of $44.52.

Analysts Set New Price Targets

Separately, CJS Securities initiated coverage on shares of Enerpac Tool Group in a research note on Friday, March 14th. They set an “outperform” rating and a $53.00 target price for the company.

Enerpac Tool Group Company Profile

Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions in the United States, the United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil, France, and internationally. It operates through Industrial Tools & Services and Other segments. The Industrial Tools & Services segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the infrastructure, industrial maintenance, repair and operations, oil and gas, mining, alternative and renewable energy, civil construction, and other markets.